The new IRRBB reporting obligations come into force on September 30, 2024. These pose considerable challenges for banks and financial institutions, as they require detailed and regular reports as well as precise data processing and comprehensive compliance.
Contents
- Our solution: innus.IRRBB
- Advantages of the cloud-based architecture
- Automated data processing and reporting
- Extended functionalities for risk controlling
- Efficient pricing model
- Success criteria of innus.IRRBB
- Security and compliance
- Implementation and integration
- Why innus.IRRBB is the right choice
Our solution: innus.IRRBB
In view of the detailed and regular reporting requirements as well as the need for precise data processing and comprehensive compliance requirements, it is essential for financial institutions to rely on a modern and efficient solution. A specialized solution such as innus.IRRBB offers the necessary support to meet the new regulations and optimize internal processes at the same time.
Advantages of the cloud-based architecture
innus.IRRBB is completely cloud-based and does not require any technical integration into the existing infrastructure. This enables rapid deployment of the system, especially when using BAIS. SaaS operation is audit-proof and takes place in a German private cloud.
Automated data processing and reporting
The solution automates the calculation, processing and reporting of the required data. This minimizes errors and ensures timely, accurate reporting. Preconfigured stress scenarios and the option to integrate bank-specific scenarios offer additional flexibility.
Extended functionalities for risk controlling
With the extended risk controlling functions, banks can make well-founded decisions and optimize their risk management strategies. This makes business practice more sustainable and secure.
Efficient pricing model
The innus.IRRBB pricing model is efficiently designed: Banks only pay for the functions they actually need. The monthly costs include all features, the creation of the BAIS import file and future adjustments to the reporting formats.
Success criteria of innus.IRRBB
- Time saving: Fast implementation and automation significantly reduce manual effort.
- Cost efficiency: banks only pay for the functions they actually need.
- Minimization of errors: Automated processes ensure precise and timely reports.
- Adherence to all compliance requirements: Highest security standards, operated in an audit-proof manner in a German private cloud.
- Flexibility and scalability: Adaptable to the banks' individual needs and growth plans.
Security and compliance
The innus.IRRBB solution guarantees the highest security standards (e.g. including 2-factor authentication) and continuous monitoring. Data integrity and protection against cyber attacks are ensured by advanced security technologies.
Implementation and integration
The system is ready for immediate use and requires no additional technical integrations. Especially when using BAIS, implementation is possible within five to ten days, saving valuable time and resources. Deployment takes around two weeks.
Why innus.IRRBB is the right choice
With innus.IRRBB, financial institutions are ideally equipped to meet the new IRRBB reporting requirements efficiently and cost-effectively. Our cloud-based, secure and flexible solution not only ensures compliance with regulatory requirements, but also supports internal process optimization.
Find out more about our solution and how it can help your institution to easily comply with the new IRRBB regulations. Contact us for a personal consultation or a demo of our solution.